SHA:688021 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	81.25	59.68	49.73	105.42	220.61	296.62
Short-Term Investments	-	-	-	55.77	32.62	55.77
Trading Asset Securities	-	-	-	-	-	7.09
Cash & Short-Term Investments	81.25	59.68	49.73	161.19	253.23	359.48
Cash Growth	59.53%	20.01%	-69.15%	-36.35%	-29.55%	-15.98%
Accounts Receivable	172.66	171.31	139.16	197.26	108.64	231.86
Other Receivables	0.78	0.43	0.36	0.61	0.92	0.93
Receivables	173.43	171.74	139.52	197.87	109.56	232.79
Inventory	225.72	231.57	237.98	311.8	303.64	228.55
Prepaid Expenses	-	-	0.28	1.59	-	1.1
Other Current Assets	36.76	31.59	28.54	26.67	30.86	26
Total Current Assets	517.17	494.58	456.03	699.13	697.29	847.92
Property, Plant & Equipment	562.81	569.54	629.42	667.69	634.88	470.19
Long-Term Investments	8.27	8.27	8	4.88	4.08	4.08
Other Intangible Assets	51.33	51.8	56.83	58.7	58.24	44.52
Long-Term Deferred Tax Assets	17.97	18.88	23.71	22.89	18.37	10.93
Long-Term Deferred Charges	3.62	3.83	0.53	0.82	0.58	0.21
Other Long-Term Assets	12.75	10.44	15.67	25.75	27.32	53.2
Total Assets	1,174	1,157	1,190	1,480	1,441	1,431
Accounts Payable	53.05	43.72	23.15	93.91	63.88	158.75
Accrued Expenses	5.27	5.67	9.41	6.18	5.65	14.99
Short-Term Debt	62.98	65.68	84.13	221.97	209.01	188.23
Current Portion of Long-Term Debt	34.1	34.12	38.28	30.07	16.97	0.01
Current Portion of Leases	-	-	1.84	2.29	2.22	2.62
Current Income Taxes Payable	7.73	6.39	-	0.01	0.14	0.68
Current Unearned Revenue	1.77	2.62	5.44	2.71	7.52	15.17
Other Current Liabilities	10.82	16.74	29.87	43.02	39.22	53.15
Total Current Liabilities	175.73	174.93	192.12	400.17	344.62	433.61
Long-Term Debt	76.06	71.11	94.58	112.33	117.6	9.96
Long-Term Leases	1	0.99	2.89	-	4.33	1.21
Long-Term Unearned Revenue	33.06	32.93	37.17	41.07	41.13	32.25
Long-Term Deferred Tax Liabilities	0.02	0.02	0.07	0.08	0.07	0.01
Other Long-Term Liabilities	-	-	-	-	0.11	0.15
Total Liabilities	285.87	279.98	326.84	553.64	507.86	477.2
Common Stock	76.41	76.41	76.41	77.28	77.28	77.28
Additional Paid-In Capital	614.22	614.22	614.22	628.01	624.34	612.61
Retained Earnings	192.75	181.82	167.11	211.08	219	246.93
Total Common Equity	883.38	872.45	857.74	916.37	920.62	936.83
Minority Interest	4.68	4.92	5.62	9.84	12.27	17.03
Shareholders' Equity	888.05	877.37	863.36	926.21	932.9	953.85
Total Liabilities & Equity	1,174	1,157	1,190	1,480	1,441	1,431
Total Debt	174.14	171.9	221.71	366.66	350.13	202.04
Net Cash (Debt)	-92.89	-112.22	-171.98	-205.46	-96.9	157.44
Net Cash Growth	-	-	-	-	-	-46.91%
Net Cash Per Share	-1.21	-1.45	-2.31	-2.59	-1.24	2.03
Filing Date Shares Outstanding	78.06	76.41	76.41	77.28	77.28	77.28
Total Common Shares Outstanding	78.06	76.41	76.41	77.28	77.28	77.28
Working Capital	341.44	319.64	263.92	298.97	352.67	414.31
Book Value Per Share	11.32	11.42	11.22	11.86	11.91	12.12
Tangible Book Value	832.04	820.65	800.91	857.67	862.38	892.3
Tangible Book Value Per Share	10.66	10.74	10.48	11.10	11.16	11.55
Buildings	-	-	292.81	275.9	227.3	166.96
Machinery	-	-	485.14	517.21	391.27	268.24
Construction In Progress	-	-	80.3	70.18	157.81	138.9

Source: S&P Global Market Intelligence. Standard template. Financial Sources.